I also fogot to mention that the fact that Paradice Investments...

I also fogot to mention that the fact that Paradice Investments has gone substantial in this stock is a huge endorsement. David Paradice is a great stock picker, especially in small cap land. He was previously at ING Investments and his small cap fund was consistently top quartile. He seems to have replicated this at his own shop. While I'm not sure how bigger position VBA is in their fund, its likely to be a high conviction overweight position. I doubt he's the only buy side institution (fund manager) taking (or taken) a position in this stock. While there are risks, fundamentally this stock is cheap. I also think some of the sell side analysts are being conserviative given what's happened over the last couple of years. Happy hunting.